Marten Transport Ltd (MRTN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MRTN SEC filings page.
Marten Transport Ltd (MRTN) reported $857.6M in revenue over the twelve months to Jun 30, 2026, down 6.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Marten’s revenue and margins have contracted sharply, yet a lightly leveraged balance sheet still converts reported earnings into operating cash.
The key quality split is that FY2025 operating cash flow was$93.5M versus net income of$17.4M ; however, both weakened from FY2024, suggesting cash generation is being supported more by non-cash charges or working-capital movements than by expanding profitability.
Operating margin compressed from
Liabilities were
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Marten Transport Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Marten Transport Ltd has an operating margin of 2.6%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 49/100, indicating healthy but not exceptional operating efficiency. This is down from 3.5% the prior year.
Marten Transport Ltd's revenue declined 8.3% year-over-year, from $963.7M to $883.7M. This contraction results in a growth score of 8/100.
Marten Transport Ltd carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 73/100, indicating a strong balance sheet with room for future borrowing.
Marten Transport Ltd's current ratio of 1.86 indicates adequate short-term liquidity, earning a score of 55/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Marten Transport Ltd, and counted as zero in the overall score.
Marten Transport Ltd's ROE of 2.3% shows moderate profitability relative to equity, earning a score of 47/100. This is down from 3.5% the prior year.
Marten Transport Ltd scores 5.59, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.0B) relative to total liabilities ($182.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Marten Transport Ltd passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Marten Transport Ltd generates $5.36 in operating cash flow ($93.5M OCF vs $17.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Marten Transport Ltd generated $223.5M in revenue in Q2 2026. This represents a decrease of 2.8% from the same quarter a year earlier. Against the prior quarter it is up 9.8%.
Marten Transport Ltd's EBITDA was $31.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 14.5% from the same quarter a year earlier. Against the prior quarter it is up 19.1%.
Marten Transport Ltd reported $5.3M in net income in Q2 2026. This represents a decrease of 25.7% from the same quarter a year earlier. Against the prior quarter it is up 286.3%.
Marten Transport Ltd earned $0.07 per diluted share (EPS) in Q2 2026. This represents a decrease of 22.2% from the same quarter a year earlier. Against the prior quarter it is up 250.0%.
Cash & Balance Sheet
Marten Transport Ltd held $104.0M in cash as of Q2 2026; long-term debt is not reported for that period.
Marten Transport Ltd paid $0.06 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Margins & Returns
Marten Transport Ltd's operating margin was 3.1% in Q2 2026, reflecting core business profitability. This is down 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.3 percentage points.
Marten Transport Ltd's net profit margin was 2.4% in Q2 2026, showing the share of revenue converted to profit. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.
Marten Transport Ltd's ROE was 0.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
MRTN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $223.5M-2.8% | $203.5M-8.8% | $210.1M-8.8% | $220.5M-7.1% | $229.9M-6.6% | $223.2M-10.6% | $230.4M-14.1% | $237.4M-15.1% |
| SG&A Expenses | $72.5M-7.7% | $72.1M-8.5% | $75.7M-8.8% | $79.0M-5.4% | $78.6M-9.2% | $78.8M-11.2% | $83.0M-9.1% | $83.4M-9.9% |
| Operating Income | $6.9M-29.0% | $1.6M-72.8% | $4.6M-31.9% | $2.7M-35.9% | $9.7M-2.4% | $5.9M-52.2% | $6.7M-57.0% | $4.3M-75.2% |
| EBITDA | $31.7M-14.5% | $26.6M-20.2% | $29.8M-13.2% | $28.2M-11.0% | $37.0M-3.0% | $33.3M-18.3% | $34.3M-22.9% | $31.7M-31.5% |
| Income Tax | $2.3M-23.0% | $667K-64.4% | $1.4M-9.2% | $725K-49.5% | $3.0M-3.7% | $1.9M-44.9% | $1.5M-63.9% | $1.4M-69.1% |
| Net Income | $5.3M-25.7% | $1.4M-68.1% | $3.7M-34.4% | $2.2M-40.7% | $7.2M-8.9% | $4.3M-55.1% | $5.6M-54.6% | $3.8M-72.4% |
| EPS (Basic) | $0.07-22.2% | $0.02-60.0% | $0.04-42.9% | $0.03-40.0% | $0.09-10.0% | $0.05-58.3% | $0.07-56.3% | $0.05-70.6% |
| EPS (Diluted) | $0.07-22.2% | $0.02-60.0% | $0.04-42.9% | $0.03-40.0% | $0.09-10.0% | $0.05-58.3% | $0.07-53.3% | $0.05-70.6% |
| Diluted Shares (Avg) | 82M+0.1% | 82M+0.1% | N/A | 82M0.0% | 82M+0.1% | 82M+0.1% | N/A | 81M0.0% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense.
MRTN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $955.5M-3.7% | $947.2M-3.7% | $949.8M-2.0% | $975.7M-2.4% | $991.8M-1.8% | $983.3M-1.0% | $968.8M-2.2% | $1.0B+0.3% |
| Current Assets | $237.9M+52.7% | $195.6M+20.4% | $171.7M+24.0% | $176.0M+3.4% | $155.8M-29.0% | $162.5M-24.1% | $138.5M-29.5% | $170.3M-24.2% |
| Cash & Equivalents | $104.0M+196.6% | $69.8M+74.9% | $43.3M+150.6% | $49.5M+15.1% | $35.1M-54.6% | $39.9M-45.9% | $17.3M-67.6% | $43.0M-36.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $92.0M+0.7% | $91.9M-3.5% | $85.8M-4.7% | $92.0M-1.6% | $91.4M-8.5% | $95.3M-9.5% | $90.0M-14.7% | $93.5M-20.6% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $189.5M-14.3% | $183.0M-15.2% | $182.1M-9.3% | $207.5M-11.2% | $221.1M-9.1% | $215.8M-6.4% | $200.8M-13.8% | $233.5M-5.8% |
| Current Liabilities | $95.0M-18.5% | $94.3M-14.0% | $92.2M-1.4% | $115.6M-1.0% | $116.7M-1.9% | $109.6M-1.6% | $93.5M-15.2% | $116.7M-4.0% |
| Non-Current Liabilities | $94.5M-9.5% | $88.8M-16.4% | $89.9M-16.2% | $91.9M-21.3% | $104.4M-15.9% | $106.2M-10.9% | $107.3M-12.5% | $116.8M-7.5% |
| Total Equity | $766.0M-0.6% | $764.2M-0.4% | $767.6M0.0% | $768.2M+0.2% | $770.7M+0.5% | $767.5M+0.7% | $767.9M+1.4% | $766.5M+2.3% |
| Retained Earnings | $709.0M-1.0% | $708.5M-0.7% | $712.0M-0.3% | $713.2M0.0% | $715.9M+0.2% | $713.6M+0.3% | $714.2M+1.0% | $713.4M+2.0% |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
MRTN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $27.7M-16.5% | $33.0M-8.7% | $5.6M-76.5% | $18.5M-37.1% | $33.2M-7.4% | $36.2M-20.8% | $23.8M-37.5% | $29.5M+4.8% |
| Depreciation & Amortization | $24.8M-9.3% | $25.0M-9.0% | $25.2M-8.6% | $25.4M-7.1% | $27.3M-3.2% | $27.5M-3.7% | $27.5M-4.2% | $27.4M-5.6% |
| Stock-Based Compensation | N/A | $135K-66.8% | N/A | N/A | N/A | $407K+15.3% | N/A | N/A |
| Investing Cash Flow | $10.7M+132.4% | -$1.6M+80.9% | -$7.1M+84.1% | $5.8M+109.8% | -$33.1M-19.2% | -$8.4M+58.5% | -$44.9M+6.6% | -$59.2M-65.3% |
| Financing Cash Flow | -$4.2M+14.0% | -$4.9M+4.5% | -$4.7M-0.6% | -$4.9M-9.5% | -$4.9M-6.9% | -$5.2M-4.2% | -$4.6M+4.2% | -$4.5M+6.2% |
| Dividends Paid | $4.9M+0.2% | $4.9M+0.1% | $4.9M0.0% | $4.9M+0.1% | $4.9M+0.1% | $4.9M+0.2% | $4.9M+0.2% | $4.9M+0.2% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
MRTN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 3.1%-1.1pp | 0.8%-1.9pp | 2.2%-0.7pp | 1.2%-0.6pp | 4.2%+0.2pp | 2.6%-2.3pp | 2.9%-2.9pp | 1.8%-4.4pp |
| Net Margin | 2.4%-0.7pp | 0.7%-1.3pp | 1.8%-0.7pp | 1.0%-0.6pp | 3.1%-0.1pp | 1.9%-1.9pp | 2.4%-2.2pp | 1.6%-3.3pp |
| Return on Equity | 0.7%-0.2pp | 0.2%-0.4pp | 0.5%-0.3pp | 0.3%-0.2pp | 0.9%-0.1pp | 0.6%-0.7pp | 0.7%-0.9pp | 0.5%-1.3pp |
| Return on Assets | 0.6%-0.2pp | 0.1%-0.3pp | 0.4%-0.2pp | 0.2%-0.1pp | 0.7%-0.1pp | 0.4%-0.5pp | 0.6%-0.7pp | 0.4%-1.0pp |
| Current Ratio | 2.50+1.2x | 2.08+0.6x | 1.86+0.4x | 1.52+0.1x | 1.34-0.5x | 1.48-0.4x | 1.48-0.3x | 1.46-0.4x |
| Debt-to-Equity | 0.250.0x | 0.240.0x | 0.240.0x | 0.270.0x | 0.290.0x | 0.280.0x | 0.260.0x | 0.300.0x |
| Asset Turnover | 0.230.0x | 0.210.0x | 0.220.0x | 0.230.0x | 0.230.0x | 0.230.0x | 0.240.0x | 0.240.0x |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Marten Transport Ltd MRTN | FY2025 | $883.7M | $17.4M | 2.0% | $1.0B | 39/100 |
| Heartland Express Inc HTLD | FY2025 | $805.7M | -$52.5M | -6.5% | $877.7M | 22/100 |
| Werner Enterprises Inc WERN | FY2025 | $3.0B | -$14.4M | -0.5% | $2.0B | 34/100 |
| Universal Logistics Holdings, Inc. ULH | FY2025 | $1.6B | -$99.9M | -6.4% | $457.7M | 27/100 |
| ArcBest Corporation ARCB | FY2025 | $4.0B | $60.1M | 1.5% | $2.9B | 43/100 |
| Covenant Logistics Group, Inc. CVLG | FY2025 | $1.2B | $7.2M | 0.6% | $830.1M | 32/100 |
Where Marten Transport Ltd Ranks
Frequently Asked Questions
What is Marten Transport Ltd's annual revenue?
Marten Transport Ltd (MRTN) reported $883.7M in total revenue for fiscal year 2025. This represents a -8.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Marten Transport Ltd's revenue growing?
Marten Transport Ltd (MRTN) revenue declined by 8.3% year-over-year, from $963.7M to $883.7M in fiscal year 2025.
Is Marten Transport Ltd profitable?
Yes, Marten Transport Ltd (MRTN) reported a net income of $17.4M in fiscal year 2025, with a net profit margin of 2.0%.
What is Marten Transport Ltd's EBITDA?
Marten Transport Ltd (MRTN) had EBITDA of $128.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Marten Transport Ltd's operating margin?
Marten Transport Ltd (MRTN) had an operating margin of 2.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Marten Transport Ltd's net profit margin?
Marten Transport Ltd (MRTN) had a net profit margin of 2.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Marten Transport Ltd pay dividends?
Yes, Marten Transport Ltd (MRTN) paid $0.24 per share in dividends during fiscal year 2025.
What is Marten Transport Ltd's return on equity (ROE)?
Marten Transport Ltd (MRTN) has a return on equity of 2.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Marten Transport Ltd's operating cash flow?
Marten Transport Ltd (MRTN) generated $93.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Marten Transport Ltd's total assets?
Marten Transport Ltd (MRTN) had $949.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Marten Transport Ltd's current ratio?
Marten Transport Ltd (MRTN) had a current ratio of 1.86 as of fiscal year 2025, which is generally considered healthy.
What is Marten Transport Ltd's debt-to-equity ratio?
Marten Transport Ltd (MRTN) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Marten Transport Ltd's return on assets (ROA)?
Marten Transport Ltd (MRTN) had a return on assets of 1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Marten Transport Ltd's P/E ratio?
Marten Transport Ltd (MRTN) trades at 82.3x earnings, its market capitalization divided by net income of $12.6M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.0B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Marten Transport Ltd's price-to-sales ratio?
Marten Transport Ltd (MRTN) trades at 1.2x sales, its market capitalization divided by revenue of $857.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.0B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Marten Transport Ltd's Altman Z-Score?
Marten Transport Ltd (MRTN) has an Altman Z-Score of 5.59, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Marten Transport Ltd's Piotroski F-Score?
Marten Transport Ltd (MRTN) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Marten Transport Ltd's earnings high quality?
Marten Transport Ltd (MRTN) has an earnings quality ratio of 5.36x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Marten Transport Ltd?
Marten Transport Ltd (MRTN) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.